The chef has precosted the recipe for an entree and a sauce, which is one item on the menu. The food cost is $6.34. A prime ingrecient multiplier of $3.72 has been established. What is the base selling price when the prime ingredient mark up method is used?

The chef has precosted the recipe for an entree and a sauce, which is one item on the menu. The food cost is $6.34. A prime ingrecient multiplier of $3.72 has been established. What is the base selling price when the prime ingredient mark up method is used?

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

See similar textbooks

Similar questions

The ingredients foryour skillet brownie cost $1.89. You want your food cost percentage for this item to be 30% or lower. What's the low price you can charge? Round to the nearest cent. Select one: a. $5.98 b. $6.00 c. $6.30 O d. $5.67
Calculate the sales and food costs for the volumes below from the following data: Menu Price $12.00 Food Cost 3.60 Covers Sales Food Cost 1 . . 10 . . 50 . .
Fill in the missing amounts in each of the eight case situations below. Each case is independent of the others. Required: a. Assume that only one product is being sold in each of the four following case situations: b. Assume that more than one product is being sold in each of the four following case situations: Complete this question by entering your answers in the tabs below. Required A Required B Assume that only one product is being sold in each of the four following case situations: (Loss amounts should be indicated by a minus sign.) Case #1 Case #2 Case #3 Case #4 Unit sold 8,000 20,100 5,600 Sales 2$ 256,000 $ 316,800 $ 196,000 Variable expenses 120,000 180,900 Fixed expenses 90,000 98,000 173,000 Net operating income (loss) (1,400) S 135,100 $ 5,200 Contribution margin per unit 13 $ 11 Required B >
Fill in the missing amounts in each of the eight case situations below. Each case is independent of the others. Required: a. Assume that only one product is being sold in each of the four following case situations: b. Assume that more than one product is being sold in each of the four following case situations: Complete this question by entering your answers in the tabs below. Required A Required B Assume that more than one product is being sold in each of the four following case situations: (Loss amounts should be indicated by a minus sign.) Sales Variable expenses Fixed expenses Net operating income (loss) Contribution margin ratio (percent) $ $ Case 1 452,000 59,280 39 % Case 2 199,000 121,390 59,000 % Case 3 474,000 51,920 76 % $ Case 4 305,000 82,350 $ (10,350)
View Policies Current Attempt in Progress Burger Queen offers a lunch meal deal for its customers. The customer will get a burger, fry, soft drink, and ice cream for $17. If the customer were to buy each item individually, the cost would be broken down as follows: Burger Fry Soft Drink Ice Cream Using the stand-alone cost allocation, how must of the transaction price should be allocated to the fry, soft drink, and ice cream? (Do not round the intermediate calculations.) $3.40 $3.40 $8.50 $4.25 $4.00 $4.50 $0.5 zero $4.50 $3.20 $3.60 $4.25 $3.40 $4.50 zero $4.50
Identify a sensible selling price for a cup of coffee with a food cost of $0.67 and overhead costs of $2.12
Compute the sales and food costs for the volumes below from the following data: Menu Price $12.00 Food Cost 3.60 Covers Sales Food Cost 1 10 50
A buyer for home furnishings orders merchandise from a North Carolina vendor totaling 2,800. The vendor offers two options a) 3/10 net 30 FOB Destination (to buyers' warehouse or (b) 6/10 FOB Factory. If transportation costs are @250, which would be the better option for the buyer?
What is the average CM $ (per menu item) of a menu with a total food cost of $40,000, check average of $14.68, and guest count of 5,285? $7.11 $7.57 $8.97 $8.50
Calculate the total cost, total selling price and selling price per brownie. Note: Round your answers to the nearest cent. Item Brownies Total quantity bought Unit cost 10 $ 0.95 Total cost Percent markup on cost 70 % Total selling price Percent that will spoil 10 % Selling price per brownie
Fill in the missing amounts in each of the eight case situations below. Each case is independent of the others. Required: a. Assume that only one product is being sold in each of the four following case situations: b. Assume that more than one product is being sold in each of the four following case situations: Complete this question by entering your answers in the tabs below. Required A Required B Assume that only one product is being sold in each of the four following case situations: (Loss amounts should be indicated by a minus sign.) Units sold Sales Variable expenses Fixed expenses Net operating income (loss) Contribution margin per unit $ Case 1 Case 2 9,400 300,800 $ 406,000 131,600 96,000 $ $ 174,000 116,000 $ 20 $ Case 3 19,200 172,800 213,000 15 Case 4 4,000 $ 108,000 $ 72,000 (36,000)
Oficina Bonita Company manufactures office furniture. An unfinished desk is produced for $34.75 and sold for $65.75. A finished desk can be sold for $75.50. The additional processing cost to complete the finished desk is $6.45. Prepare a differential analysis. Round your answers to two decimal places. Line Item Description Sell UnfinishedDesks(Alternative 1) Process Further intoFinished Desks(Alternative 2) DifferentialEffects(Alternative 2) Revenues per desk $fill in the blank 1 $fill in the blank 2 $fill in the blank 3 Costs per desk fill in the blank 4 fill in the blank 5 fill in the blank 6 Profit (loss) per desk $fill in the blank 7 $fill in the blank 8 $fill in the blank 9 Should the company sell unfinished desks or process further and sell finished desks?Oficina Bonita Company should .

SEE MORE QUESTIONS

Recommended textbooks for you

Essentials Of Investments

Finance

ISBN:

9781260013924

Author:

Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:

Mcgraw-hill Education,

FUNDAMENTALS OF CORPORATE FINANCE

Finance

ISBN:

9781260013962

Author:

BREALEY

Publisher:

RENT MCG

Financial Management: Theory & Practice

Finance

ISBN:

9781337909730

Author:

Brigham

Publisher:

Cengage

Foundations Of Finance

Finance

ISBN:

9780134897264

Author:

KEOWN, Arthur J., Martin, John D., PETTY, J. William

Publisher:

Pearson,

Fundamentals of Financial Management (MindTap Cou…

Finance

ISBN:

9781337395250

Author:

Eugene F. Brigham, Joel F. Houston

Publisher:

Cengage Learning

Corporate Finance (The Mcgraw-hill/Irwin Series i…

Finance

ISBN:

9780077861759

Author:

Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor

Publisher:

McGraw-Hill Education

Essentials Of Investments

Finance

ISBN:

9781260013924

Author:

Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:

Mcgraw-hill Education,

FUNDAMENTALS OF CORPORATE FINANCE

Finance

ISBN:

9781260013962

Author:

BREALEY

Publisher:

RENT MCG

Financial Management: Theory & Practice

Finance

ISBN:

9781337909730

Author:

Brigham

Publisher:

Cengage

Foundations Of Finance

Finance

ISBN:

9780134897264

Author:

KEOWN, Arthur J., Martin, John D., PETTY, J. William

Publisher:

Pearson,

Fundamentals of Financial Management (MindTap Cou…

Finance

ISBN:

9781337395250

Author:

Eugene F. Brigham, Joel F. Houston

Publisher:

Cengage Learning

Corporate Finance (The Mcgraw-hill/Irwin Series i…

Finance

ISBN:

9780077861759

Author:

Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor

Publisher:

McGraw-Hill Education

SEE MORE TEXTBOOKS